Adviser network Openwork has announced that assets have reached £1bn, across its own platform and the Zurich investment platform.
The Openwork platform launched in January 2013 and is powered by Investment Funds Direct Limited (IFDL).
Openwork proposition and marketing director Philip Martin said: "Openwork's platform strategy has always been very clearly defined and it is gratifying to see our assets hit £1bn in the first full year since launch.
"We have worked very hard to help advisers understand how platforms can increase efficiency and assist their transition to fee charging so it is extremely pleasing to see them embrace the technology and a new way of working."
Ownership of the Openwork Group, in terms of ordinary shares, is split between a 67.5% share held by its advisers, 7.5% by its employees and 25% by Zurich Financial Services Group.
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